Skip to main content

About your Search

20121101
20121130
STATION
WMPT (PBS) 10
LANGUAGE
Search Results 0 to 9 of about 10
PBS
Nov 1, 2012 7:00pm EDT
far as are we going to have a recession in early 2013? >> reporter: which brings us back to the huge roll that federal policy now plays in the economy. after the election, lawmakers have a chance to boost the economy by reaching an agreement to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the l
PBS
Nov 14, 2012 7:00pm EST
, the s&p was down 19. james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the markets fear is that we could either accidentally go over the cliff, or that all this hard posturing will set in stage a series of contractionery economic activities on the parts of businesses, in terms of not hiring, and maybe firing, and businesses shrinking rather than expanding, which will eventually find its way into consumer attitudes. so i think the market is afraid that this gun battle, or dual or chess game will lead to an accidental recession. >> susie: all right. let me follow up on that. a lot of the traders i've been talking to here feel that the president is setting up a
PBS
Nov 2, 2012 7:00pm EDT
customers the ability not to have the stress of those fees on them and us be there to serve them. >> tom: the view of one of the biggest banks impacted by sandy. frank bisignano is the cochief operating officer at jpmorgan chase. j.p. morgan chase is among hundreds of companies lending a helping hand to the victims of superstorm sandy. corporate america has pledged over $50 million. the big bank is offering $5 million in loans to affected small businesses and donating to the american red cross. other household names giving include coca-cola, delta airlines, disney, home depot, lowe's, the nfl and target. from fuel to cash to communications. verizon communications warned today hurricane sandy could wreak havoc on its fourth quarter earnings. the wireless, phone and internet provider took on major damage in the storm. four of its facilities in new york flooded. as sylvia hall reports, verizon's warning is a sign of the damage felt by the tele- communications industry. >> reporter: just like with other telecom companies, verizon employees are working hard to restore service to the n
PBS
Nov 13, 2012 7:00pm EST
endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here. was there any progress made by the staffs of the political players during the campaign season? where do we stand? >> the staff is always looking at this as a giant chess game and trying to figure out how they can give their bosses their best move, so the staff have been working. we had a lot of commissions and a lot of efforts to try to solve the budget problems. there is a lot of work done behind the scenes and on paper. a deal could come together pretty quickly. the problem is the principals, the leaders, the people who were elected, they have to come back and decide what they're going to do. they're talking about getting an agreement, but nobody knows how to get that agreement right now. >> tom: it pays to parse language when we're at this point in negotiations for politicians. we're hearing about tax rates and tax revenue. they say no increase on tax rates, but they're willing to accept higher tax revenues. what's the difference? >> if you're
PBS
Nov 5, 2012 7:00pm EST
pratt, "n.b.r.," new york. >> susie: joining us now for more on the markets and the election: jeff kleintop, chief market strategist at l.p.l. financial. so jeffing i'm sure a lot of people are asking you is obama on romney better for the markets. and what dow say, without is better for stocks? >> well, it's complex answer because it really matters what the whole complexion of washington looks like t really comes down in many cases to who wins in the senate. do we have a gop sweep with a romney win or do you still have a democratic senate that can really change the complexion of what this lame duck lex looks like and what the status quo election may lend itself to a quick res luig of a lame duck session so a lot depends not just on the without wins the oval office but its next two years in congress looks like. >> susie: so talk us through that. let's say president o ba am a wins the election but you have republicans dominating in congress. what does that mean for the stock market. and vice versa, if romney becomes president romney and he has a democratic congress, if he has to grap
PBS
Nov 6, 2012 7:00pm EST
a day. president bush left us in a very very bad position, so things cannot change in a day. so that's why i'm giving president obama another chance. >> we do have a business and it does seem to have picked up a little bit. not great, but a little bit. >> tom: coming into election day, governor romney has been leading president obama in the latest miami herald statewide florida polls by about six points. that's because of growing support for governor romney in central florida and northern florida, areas with housing markets still struggling and with unemployment rates generally above the national average. >> susie: that's really fascinating, tom, sort of like the tale of two cities. what about south florida, what about voters in the rest of florida? >> tom: south florida is an interesting case, the housing bust certainly happened here in miami in south florida. but thanks to foreign buyers coming back in, the housing market has stablized faster than in the rest of florida, and prices are actually on the rise again. that has helped bring up the unemployment rate, while still in s
PBS
Nov 9, 2012 7:00pm EST
least have a short- run compromise that will get us past the fiscal cliff. >> reporter: the president made his suggestion for a short-term deal. he urged congress to extend tax breaks for the middle class while they work out a bigger plan for a grand bargain. sylvia hall, "n.b.r.," washington. >> tom: while investors remain focused on the fiscal cliff, a further jump in consumer sentiment helped stocks close in the green today. the university of michigan reuters consumer sentiment index this month rose to 84.9. that's its highest level since july of 2007. the dow added four points, the nasdaq was up nine, the s&p 500 added two points. for the week overall, the dow fell 2.1%. the nasdaq dropped 2.6%. and the s&p 500 is 2.4% lower tonight compared to a week ago. >> reporter: while president obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not go
PBS
Nov 12, 2012 7:00pm EST
chairman of the templeton emerging markets group. mark, thank you for being here with us tonight. how do you describe the state of the global economy today? >> it's actually pretty good. i mean i know a lot of people look at the headlines and they say god, the world is coming to an end. but if you look at the leading indicators whether it's the pmi index for china and the u.s. or it's the oecd index you will see those indices are still high. they're not where they were at the end of 508ee, beginning of '09. so if that sense looking forward we're in pretty good shape. now of course if the so-called fiscal cliff is with us and we go over that, then as you know the budget bureau is predicting minus 4%. >> a recession for the united states. >> a real recession. unemployment going up and so forth and so on. but i think at the end of the day compromises will be reached. >> what about the emerging markets. we've seen some of the second markets begin to slow down or see the growth rates begin to taper off. are you experiencing that really across-the-board? >> yeah, pretty much with china coming
PBS
Nov 16, 2012 7:00pm EST
what folks are looking for-- and i think all of us agree on this-- is action. >> reporter: speaker pelosi suggested the leaders agree on milestones that will bolster the economy. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build as we reach our solution. >> reporter: over the last week markets had grown increasingly pessimistic about avoiding the fiscal cliff. today's tone provided some relief, but it's clear major hurdles remain. >> how much do rates have to go up? what can republicans accept on that and what can the democrats accept in terms of structural reform of entitlements? i think those are the two big sticking points and those are going to remain the sticking points. and if you can figure out what's going to happen there, you can figure out whether there is going to be a deal and when that deal might happen. >> serious negotiating begins after thanksgiving. susie. >> susie: you know, darren, you talked about the mood of cooperation, and listenin
PBS
Nov 15, 2012 7:00pm EST
gersh, nbr, washington. >> susie: joining us now, mitchell crusto. he's a law professor at loyola university in new orleans, and has been studying the b.p. case and the relationship between business and the environment. how important is today's set element -- settlement. >> this is the biggest story.no. we have more dollars at stake. >> in terms of how importantthil us a little more. it's a record settlement. but it does encompass quite a few different features. in addition to the felony charges there is the fec investigation and the resolution of that matter and that is a big deal. >> darren is saying it's notove. the government is bringing gross negligence charges against bp. bp is going to fight it vigorously how is that going to play out? >> it's difficult for them toave standard when they admitted to the felony charges. when it's related to the environment. it's some $20 billion this is a big story but it's an even bigger story ahead. >> there have been so many fines there a silver lining to all of this? does this make the deep water drilling safer going into the future? >> w
Search Results 0 to 9 of about 10